Teachers Retirement System of The State of Kentucky continued to hold its stake in Exponent, Inc. (NASDAQ:EXPO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,020 shares of the business services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Exponent were worth $1,728,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in EXPO. Russell Investments Group Ltd. acquired a new stake in Exponent during the fourth quarter worth $3,401,000. Comerica Bank boosted its stake in Exponent by 3.7% in the fourth quarter. Comerica Bank now owns 28,258 shares of the business services provider’s stock worth $1,661,000 after buying an additional 1,003 shares during the last quarter. State Street Corp boosted its stake in Exponent by 8.1% in the fourth quarter. State Street Corp now owns 573,433 shares of the business services provider’s stock worth $34,578,000 after buying an additional 43,132 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Exponent by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,870 shares of the business services provider’s stock worth $836,000 after buying an additional 670 shares during the last quarter. Finally, Norges Bank acquired a new stake in Exponent during the fourth quarter worth $14,612,000. 89.95% of the stock is owned by institutional investors and hedge funds.
Shares of Exponent, Inc. (EXPO) opened at 58.20 on Monday. Exponent, Inc. has a 1-year low of $45.00 and a 1-year high of $64.80. The company has a market cap of $1.51 billion, a PE ratio of 32.35 and a beta of 0.60. The company has a 50-day moving average of $59.51 and a 200-day moving average of $59.26.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Wednesday, April 19th. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.09. Exponent had a return on equity of 15.47% and a net margin of 15.41%. The business had revenue of $80.47 million during the quarter, compared to analyst estimates of $79.32 million. During the same quarter last year, the firm earned $0.56 EPS. Exponent’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts forecast that Exponent, Inc. will post $1.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Wednesday, June 7th. Exponent’s dividend payout ratio (DPR) is 46.67%.
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A number of research firms recently weighed in on EXPO. BidaskClub raised shares of Exponent from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday, June 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $69.00 target price (up previously from $64.00) on shares of Exponent in a research note on Saturday, April 22nd.
Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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